he farm company has an office near the bank, where some member of the
executive committee, or other representative of the company, may be
found every business day of the year. It is the duty of this agent to
attend to purchases, consignments and sales; also to have charge of all
business transacted through the bank of deposit. Taking care, to keep
the amount of available funds up to the ten thousand dollar mark. To do
this, it sometimes becomes necessary for the company to issue drafts on
the bank of deposit for thirty, sixty and ninety days. These drafts are
accepted by dealers, for purchases made in Chicago, Cincinnati,
Philadelphia or New York, the same as cash.

"As borrowers, our only dealings have been with you. In these dealings,
at times when much in need of more capital, we have not been required to
pay interest. Now, having returned our borrowed capital, and being free
from debt, we have grown more independent and self-sustaining; therefore
more averse to the idea of paying interest to any one. We are convinced
by past experience, that all necessity for incurring interest-bearing
obligations can be avoided. The use of Solaris Scrip in all
intercolonial transactions, has proved a most potent factor in helping
us to arrive at such a fortunate conclusion. By its use, ninety per cent
of our business can be transacted on a cash basis, without using one
cent of actual cash. In addition, we can use it as a basis on which to
borrow. To illustrate! Suppose we need ten thousand dollars to replenish
the stock of goods in the store, pending the sale of products on hand.
We borrow that amount from the insurance fund, the sum being part of the
accumulated profits on sales at the store and restaurant. We then
replace this sum by scrip of the same face value. This scrip, to the
pensioner or beneficiaries, is the same as cash. When they have drawn
and spent it, the debt is cancelled. No interest is paid. The store and
restaurant become the clearing house, through which these drafts against
the resources of the farm are liquidated. In the same way, temporary
loans can be made from other funds, whenever it is for the benefit of
the united interests of the co-operators to do so.

"How is it possible, you ask, to keep perfect control of such a large
issue of scrip, with a certainty that all in use is genuine?

"That is a matter which is easily regulated by our simple system of
issue. In the first place, we print the scrip here at